23 January 2012

How-To Series: Learning Your Way Around an Auction - part II

Hello, friends!  Today we are back again visiting the big world of auctions in part II of our series "Learning Your Way Around an Auction."  If you didn't get an opportunity to read part I, you can do so here How-To Series

In part II, I will take you through the actual bidding process.  {Fun times are just ahead.  Woot!}

Once you have viewed & noted the items you plan to bid on, you will need to register with the auction house by providing some basic information & your tax ID number {if applicable}.  At that time you will be assigned a numbered paddle.  This will be your own personal number at this particular auction house.  From here on you own that number & it's yours alone.  {It's somewhat empowering to have your very own number!}  Each time you visit the auction house, you will give them your name.  In turn, you will be given a paddle with your number on it.


Now comes the really fun part, the bidding.  But first you must find a chair!  {I should have mentioned this in part I because it's oh-so very important, but assigning yourself a chair asap is a must if you want to get the best view of items coming up for auction.}  Don't take the first two rows if you can help it.  I find that I get missed by the auctioneer more often when I sit up front.  It's not intentional, it's just that he's looking out into the crowd.  My favorite rows are anything behind row two; and I prefer an aisle seat just for convenience. 

Bidding can be a bit daunting at first, but don't be intimidated.  When an item comes up, there may be many bidders bidding at the same time.  The auctioneer will randomly select two competing bidders at first to go to their highest bids.  Once one bows out, he will look for additional bidders to step in at a higher number.  Don't get discouraged if he doesn't acknowledge your bid at first - it's not that he is ignoring you, it's just that he is trying to weed out the lowest bidders.  If you are willing to bid above the last bidder, then raise your paddle as high as necessary to be seen.  You are now in the race!

At this point, it is imperative to keep a level head.  Remember your price point and stick to it!  The bidding will go quickly, and you must keep yourself calm in order to make a rational decision rather than an emotional one.  Have fun, but definitely don't overpay.

If you win the bid, the auctioneer will ask you to once again raise your paddle in order to record your bidder number into the computer.  Once you are done with all your bids, you can check out, pack your goods, & drive home basking in the glory of the mad bidding skills you used tonight & the awesome stuff you are taking home with you!

I know the whole auction thing can be a little intimidating at first, and there is a lot of information to take in.  But if you show up prepared, you are miles ahead of many bidders with whom you are competing against.  It's a confidence boost to have your "ducks in a row,"  and that's what I have tried to preapre you for in this series.  I hope you found it helpful.

At this point, you have made a list of the items you would like to purchase.  You have researched their value, and you have carefully inspected them.  You have found a comfortable chair in a great spot, and you have bidded successfully against your opponents!  Yay!  You successfully won at your first auction!  Now go check out & get to work packing up your wins!!!


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